SageCity launched its cryptocurrency and platform in March 2019. And since early April, we’ve been on a quest to get SAGE added to exchanges and other cryptocurrency services. We feel it's extremely important to build an ecosystem around the SageCity. And we know that the best way to do this is through the collaboration with peers in our industry who we’ve found our experience and interaction with to be unfortunately rather disappointing.
To give you some perspective on SageCity, we are a blockchain platform which focuses on building and deploying sidechain and other second layer protocols. We are one of the few coin projects that has not sought investment in the form of crowdfunding, ICOs, or IEOs. While we have resources, we have to carefully choose where our funds go and use them in a sustainable manner and we’ve focused a lot on business development and making connections and partnerships outside of the traditional cryptocurrency ecosystem. This has lead to some fantastic opportunities like us being one of the 10 companies to be part of the Telefonica and Cisco backed Wayra Blockchain accelerator.
Many of our community members have enquired about being listed on exchanges, which is expected given that to take part in our network, you have to spend resources like equipment and electricity in the Proof of Work (POW) process. SAGE currency is the primary way to settle those expenses. This led to an interesting experience within the crypto ecosystem. Here, we raise some of the problems…
